Way Cool produces two different models of air conditioners. The company produces the mechanical systems in their components department. The mechanical systems are combined with the housing assembly in its finishing department. The activities, costs, and drivers associated with these two manufacturing processes and the production support process follow. (Loss amounts should be indicated with a minus sign. Round your intermediate calculations and round "Cost per unit and OH rate" answers to 2 decimal places.)

Exercise 17-7 Using the plantwide overhead rate to assess prices LO P1 Way Cool produces two different models of air conditioners. The company produces the mechanical systems in their components department. The mechanical systems are combined with the housing assembly in its finishing department. The activities, costs, and drivers associated with these two manufacturing processes and the production support process follow. (Loss amounts should be indicated with a minus sign. Round your intermediate calculations and round "Cost per unit and OH rate" answers to 2 decimal places.) Process Activity Components Changeover Machining Setups Quantity 850 7,590 220 Finishing Welding Inspecting Rework Overhead Cost Driver $ 451,000 Number of batches 300, 400 Machine hours 229,500 Number of setups $ 980,900 $ 181,000 Welding hours 229,000 Number of inspections 61,500 Rework orders $ 471,500 $ 137,000 Purchase orders 32,300 Number of units 60,830 Number of units $ 230,130 5,500 785 240 Support Purchasing Providing space Providing utilities 563 4,500 4,500 Additional production information concerning its two product lines follows. Units produced Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders Model 145 1,500 2,400 425 515 2,340 110 150 375 Model 212 3,000 3,100 425 270 5,250 110 90 188 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line. 0 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $200 for Model 145 and $170 for Model 212. Activity Driver Overhead Assigned Plantwide OH rate OH Cost per Total Overhead Cost $ 0 Units Produced Model 145 Model 212 Model 145 Model 212 3. If the market price for Model 145 is $759 and the market price for Model 212 is $490, determine the profit or loss per unit for each model. Model 145 Model 212 Market price